Trump Media and Tech Group (NO Politics Allowed) (DJT)

[janice shell]

I think it's just a place for venture capitalists to put their cash into, to avoid taxes on their capital gains but I'm not market savvy so that's just my opinion.

Well sure, it's intended to attract venture capitalists. And generally speaking, when a SPAC starts up, it raises quite a lot of cash that will go to the company it eventually merges with. That's not a bad thing. But it just hasn't worked out well, probably because many of the companies that have gone public through SPACs haven't been very good.

Fewer companies going public helps us.

NO, it does not. It's bad for our capital markets, and bad for our economy. But there has to be a good balance between the encouragement of capital formation and effective regulation.